This Paris Life

Expert Insight, Breaking News, and Insider Stories on Real Estate in Paris

New research shows that Middle Eastern investors will shell out $180 billion on commercial real estate worldwide over the next 10 years. Paris will be one of the key targets.

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A new report concludes that Paris offers increasingly good value compared with some other top European cities.

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A Hong Kong listed investment company has announced it is buying the Paris Marriott Hotel from French real estate company MCE PropCo. This luxury hotel is located on the Champs-Elysées in the center of Paris.

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Setting up a Société Civile Immobilière

The French Société Civile Immobilière (SCI) is a popular vehicle for purchasing real estate in France. Paris-based firm Pech de Laclause, Bathmanabane & Associés gives an overview of this structure and discusses some of the pros and cons. What is an SCI and when is it a suitable vehicle for buying and managing French property?

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In recent decades, the resilient Paris real estate market has defied predictions of large falls in price. And, in its latest quarterly roundup of prices, the Chambre de Notaires de Paris/Ile-de-France describes the “astonishing resistance” of prices per square meter for old apartments.

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French real estate investment trust Foncière des 6ème et 7ème Arrondissements de Paris has recently bought a prestigious office complex from the French State for an undisclosed sum. The Abbaye de Penthemont is situated at the corner of the Rue de Bellechasse and the Rue de Grenelle in Paris’s 7th arrondissement (district).

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An expected upturn in French consumer spending during the 2nd quarter of 2014 is expected to benefit parts of the retail property market, experts say.

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Question: I am purchasing an apartment in Paris. I am being charged on top of the purchase price for the refrigerator, stove, oven, dishwasher etc. Is this normal?  Normally, appliances and/or furniture are not included in the sale of an apartment. However, you can agree with the seller to buy them along with the property.

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The UK government has cracked down on the practice of purchasing properties through a company structure in order to avoid paying stamp duty. This measure is aimed in particular at wealthy foreign buyers who have bought investment properties that have subsequently been left empty.

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The luxury property market thrived in 2013, says a new report on international real estate. London was the most popular destination for luxury property buyers seeking a second home but also the most expensive. The latter factor may encourage buyers to start looking to other cities, including Paris.

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